As of last week, year-to-date energy prices are up 58% for NYMEX crude oil, 91% for NYMEX gasoline, and only 39% for retail gasoline. Retail prices seem to have a long way to climb as the high NYMEX prices make their way to the local gasoline pump. This week we look at how inflation is hitting our industry of efficiency and electrification and what might lie ahead. Let’s start with one-year price changes for a basket of commodities and roll forward with that. Diesel Fuel is Food Diesel fuel is used to transport seed, chemicals, fertilizers, and equipment to the…
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